"Opportunity Awaits: Discovering a Unique Property on Koh Lanta"
Located in the serene paradise of Koh Lanta, an incredible opportunity awaits for those seeking a versatile property in historic Old Town. The property features a large three-story house with 3 bedrooms and 4 bathrooms, along with a separate building boasting commercial-sized rooms, including a kitchen. Renovated during the Covid period, this property presents itself as a canvas of endless possibilities, whether as a new home or the foundation for a small business venture, or both.
With a total of 295 sqm (3,175 sqft) of indoor space between both buildings and 98 sqm (1,054 sqft) of front outdoor space, the property offers an expansive layout to accommodate various uses.
The three-level building encompasses three en-suite bedrooms on the upper floors, complete with hot water showers and air conditioning in each room. Each bedroom is furnished with brand new single-size beds, mattress toppers, and pillows, providing an inviting and comfortable living space. Furthermore, the building has never been occupied, offering a pristine canvas for the next occupant's vision.
Adjacent to the three-story house, the single-story building comprises two spacious areas, including a commercial-sized kitchen. Previously operating as a small coffee and dessert café, it comes fully furnished with essential equipment, such as display cases, small freezer, fridge, tables, and chairs. However, under the new leasehold ownership, the furniture and equipment can be retained or removed based on the lessee's requirements.
Old Town is renowned for its friendly locals, relaxed atmosphere, as well as a diverse array of bars and restaurants. Currently, the property stands poised for a new chapter, awaiting its next occupant to breathe life into its spaces. The potential opportunities offered by this property are vast, limited only by the imagination. Whether envisioning a cozy family home, a vibrant café or pub, a charming bed and breakfast, or even a hostel, the property provides an ideal foundation for diverse entrepreneurial ventures.
⚡ ⚡ The leasehold rent for this versatile property stands at a remarkable ฿460,000 per year, with a 3-year contract. The first year's rent is payable upfront in full upon assuming leasehold ownership. Furthermore, the lease carries an option for renewal after the initial 3-year term, offering stability for long-term plans and developments. ⚡ ⚡
This property in Old Town, Koh Lanta offers an exceptional opportunity for individuals seeking a versatile and adaptable space. Its extensive layout, prime location, and attractive lease terms make it an enticing prospect for those with creative visions and entrepreneurial aspirations. The property eagerly awaits its next occupant, ready to embark on a journey of transformation and newfound opportunities.
If you have any questions, interested in more information, or want to schedule a viewing, please contact us.
Jennifer
📞+66 65 067 6398 WhatsApp & Line App or direct
"A Rare Opportunity Awaits: Discovering a Versatile Property on Koh Lanta"
We invite you to explore an extraordinary opportunity in the heart of Koh Lanta's historic Old Town, where possibilities unfold in a versatile property waiting for its next visionary owner. Join us as we unravel the charm and potential of this commercial gem located on the eastern side of the island.
Discover the vast layout of 1,600 sqm (17,220 sqft) that encompasses a bar, restaurant (indoor & outdoor), fully equipped commercial kitchen, and three private massage rooms. But that's not all—three brand-new accommodation rooms with private bathrooms extend over the water, offering a unique and immersive experience for guests. All of this comes fully furnished with tables, chairs, freezers, fridges, kitchen appliances, kitchenware, all decor, linens, and much more.
The property's transformation during the challenging times of Covid, where it was not just remodeled and rebranded, but three accommodation rooms were newly built, showcasing a commitment to excellence and adaptation. This property is a testament to resilience and innovation.
This unique opportunity allows you to step into the authentic lifestyle of Old Town while simultaneously tapping into diverse income streams from the multiple businesses you can operate on the premises. Whether you're drawn to the allure of the restaurant and bar scene, the rejuvenating world of massages, or the hospitality of accommodation, this property caters to a variety of entrepreneurial spirits.
This property isn't just a physical space; it's a canvas for entrepreneurial dreams and a haven that not only promises versatility and profitability, but also offers the chance to become an integral part of the island's unique and vibrant Old Town community.
⚡ Uncover the details of the leasehold arrangement, where the contracted rent for the first year is an attractive ฿550,000, with a 10% increase in the second and third years. Upon contract signing, the upfront payment required for the first year, is a strategic move, ensuring a solid foundation for the venture. ⚡
The three-year leasehold contract opens the door to endless possibilities, and the option to renew after three years provides stability and continuity for those who envision a long-term presence on this beautiful island.
If you have any questions, interested in more information, or want to schedule a viewing, please contact Tonmai Property Management.
Jennifer
📞+66 65 067 6398 WhatsApp & Line App or direct
A commercial property with multiple income streams in a beautiful location
"Old Town Cowboy" is a captivating Wild-West themed 2-story bar with a total space of 150 sqm or 1,614 sqft (bottom level = 120 sqm & top level = 30 sqm), and is in the heart of historic Old Town, Koh Lanta. The sale presents an exciting investment opportunity. Equipped with a long lease, this establishment is available for purchase now and can be taken over in February 2025. With its prime location and unique ambiance, the bar showcases immense potential for business growth. It has been under the current ownership for 7 years, but has been opened on a part time basis -- The current leaseholder is only in Thailand 5 months a year.
Old Town Cowboy enjoys a prime central position that attracts both locals and tourists. The Wild-West theme creates an immersive experience, transporting visitors to a bygone era of cowboys and saloons. The unique decor sets this bar apart from other establishments, offering patrons a distinctive and memorable setting.
One of the significant advantages of acquiring the Old Town Cowboy is the comprehensive inventory and equipment included in the purchase price. This includes, but not limited to, all essential items such as commercial-sized fridges and ice boxes for storage, appliances, kitchenware and barware. Additional amenities and equipment, such as a sound system, an LG television with android box for entertainment, a washing machine for laundry needs, and linens, are also part of the package, ensuring a smooth transition for the new proprietors. This allows the new lease holders to focus on running the business without the hassle of sourcing additional equipment or supplies. Furthermore, included in the yearly lease rental amount is all necessary furniture (tables, chairs, barstools), and decor. For added convenience, the property includes a well-equipped kitchen for food preparation, two bedrooms for staff or owner accommodation (a small single, and a double with air conditioning), along with 1 bathroom which includes a shower. The well-thought-out design of the space ensures that the needs of the staff or owners are adequately met.
⚡ ⚡ Lease Terms ⚡ ⚡
⭐⭐ The sale purchase price to take over the lease is ฿400,000 baht ⭐⭐
⭐⭐ The lease is valid until February 2033 and provides stability and security for potential buyers. The annual rent for the first 2 years is set at ฿220,000 baht, with subsequent increases of 10% for the following three years, and another 10% for the final three years. Upon the completion of the lease in 2033, there is an option to renew, and the contract terms will require re-negotiation with the owner. This flexibility allows for future adjustments based on market conditions and business performance. ⭐⭐
With its existing customer base, Old Town Cowboy provides a seamless transition for new owners. The bar is fully operational, eliminating the need for extensive rebranding or renovations. This established reputation ensures a steady flow of customers, thus guaranteeing a solid foundation for profitability from day one.
This can be a profitable opportunity for entrepreneurs, investors, or those in the hospitality industry. With Old Town Cowboy's potential, acquiring this lease presents an ideal opportunity for those looking to make a mark in Koh Lanta's hospitality sector all year round.
If you have any questions, interested in more information, or want to schedule a viewing, please contact
Jennifer at Tonmai Property Management
📞(+66) 650676398 via WhatsApp, Line App, or direct
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